Jose Joao Abdalla Filho
Overview
- Source of Wealth
- Investments
- Industry
- Finance & Investments
- Residence
- Rio de Janeiro
Assets
- AXIA Energia65,537,000 shares @ --AXIA3-BR
- Cemig457,947,100 shares @ --CMIG3-BR
- Companhia Distribuidora Gas Rio Janeiro22,991,000 shares @ --CEGR3-BR
- ENGIE Brazil Energia112,649,600 shares @ --EGIE3-BR
- Petrobras159,617,000 shares @ --PETR3-BR
- Petrobras-Petroleo Brazileiro (Preferred)19,661,000 shares @ --PETR4-BR
Biography
Jose Joao Abdalla Filho is the son of J. J. Abdalla, a Brazilian entrepreneur and politician who built a real estate and textile company.
In the 1950s, the group his father led became one the largest manufacturers of cement in the country, employing over 40,000 people.
Abdalla Filho used the money he inherited to open Banco Classico, which owns stakes in a number of Brazilian companies.
His Banco Classico owns 5% of Eletrobras, Brazil's largest electric utility, and almost 7% of Cemig, an energy giant that owns over 200 companies.
About
His late father J.J. Abdalla was a doctor, businessman, and politician. He became mayor of Birigui, a small town in the state of Sao Paulo, and a congressman.
A vast amount of land owned by the Abdallas in a central neighborhood in S?o Paulo was expropriated by the government in 1988.